Financial Technology

Financial Technology

February 11, 2014

Tubestart Crowdfunding Platform Offers Free Services for Charity Campaigns

In its endeavor to serve the community and to support special causes, Tubestart has decided to do away with platform and support fees to any charity organization’s crowdfunding campaign.

Tubestart co-founder and CEO Josef Holm said, “We want to give back to the community and enable creators to use our platform for free to raise funds for charity projects.”

The crowdfunding platform for digital video creators will not charge platform fees for charity projects if the organization is a 501(c)(3) registered entity, said officials. Tubestart introduces zero platform fees and the only payment for charity related campaigns is the payment processing charge.

The platform serves all the needs of online video creators. The Tubestart platform brings fans of online video together so that they can connect with the creator of online videos. This allows fans to support the content they love and also encourage creators to get financial support which will help them start new projects and also improve online video channels.

The special funding options adopted by Tubestart helps creators raise more capital and enables them to establish firmly in the growing digital video industry.  

Although not many people know about crowdfunding as many as one billion people visit YouTube (News - Alert) each month. It is expected that the crowdfunding industry will grow to be a $15 billion per year industry by 2015. The industry was only $5.1 billion in 2013 and $2.9 billion in 2012.

Crowdfunding helps entrepreneurs, designers and social service organizations immensely. In efforts to provide affordable lighting for people in developing countries, a charity called SolarAid has created a solar lantern for less than $10.

With the help of crowdfunding, they designed a device, called GravityLight, which produces light from the small amount of power created by a heavy bag pulling on a cable. As the cable slowly drops from the weight of the bag, it creates light for 25 minutes before being reset. Deciwatt, the group making the device, began trials in Liberia, Guatemala, the Philippines and India late last year and will roll out the GravityLight in the UK and US later this year.

Edited by Cassandra Tucker

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